COUNTRY •
EGYPT
Last Update: 28 Jun 2022 8:15 GMT+0
The Egypt 10Y Government Bond has a 17.135% yield.
10 Years vs 2 Years bond spread is 234.5 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 11.25% (last modification in May 2022).
The Egypt credit rating is B, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 439.25 and implied probability of default is 7.32%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 15.982% | +210.5 bp | +398.6 bp | 28 Jun | |||||
| 6 months | 15.726% | +213.8 bp | +323.2 bp | 28 Jun | |||||
| 9 months | 15.431% | +135.6 bp | +236.4 bp | 28 Jun | |||||
| 1 year | 15.344% | +144.7 bp | +164.6 bp | 86.70 | -1.25 % | -1.42 % | 28 Jun | ||
| 2 years | 14.790% | -153.6 bp | +49.1 bp | 75.89 | +2.69 % | -0.85 % | 28 Jun | ||
| 3 years | 15.625% | -101.5 bp | +44.8 bp | 64.69 | +2.65 % | -1.16 % | 28 Jun | ||
| 5 years | 16.270% | -54.2 bp | +145.0 bp | 47.06 | +2.35 % | -6.09 % | 28 Jun | ||
| 7 years | 16.768% | -7.3 bp | +159.1 bp | 33.79 | +0.45 % | -9.14 % | 28 Jun | ||
| 10 years | 17.135% | +26.3 bp | +189.1 bp | 20.57 | -2.19 % | -15.00 % | 28 Jun | ||
Last Update: 28 Jun 2022 8:15 GMT+0
Egypt Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (11.25%) |
||||
|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | ||||
| 10 years | 17.135% | 588.5 bp | |||||
| 5 years | 16.270% | 502.0 bp | |||||
| 2 years | 14.790% | 354.0 bp | |||||
| 1 year | 15.344% | 409.4 bp | |||||
| 3 months | 15.982% | 473.2 bp | |||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | -55.4 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | 148 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 234.5 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Egypt Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Egypt Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
B
|
- |
| Moody's Investors Service |
B2
|
negative |
| Fitch Ratings |
B+
|
- |
| DBRS |
-
|
- |
Egypt Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 11.25% |
Egypt Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 439.25 | -1.39 % | +2.39 % | +54.01 % | 7.32 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Egypt 10Y Bond Yield Spread
The Egypt 10Y Government Bond has a 17.135% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Egypt 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 1690.5 bp | +25.6 bp | +172.0 bp | Compare | |
| Germany 10Y | 1548.0 bp | -41.6 bp | +0.0 bp | Compare | |
| France 10Y | 1494.4 bp | -43.4 bp | -16.9 bp | Compare | |
| United Kingdom 10Y | 1464.8 bp | -30.0 bp | +32.7 bp | Compare | |
| Spain 10Y | 1439.3 bp | -39.1 bp | -34.1 bp | Compare | |
| China 10Y | 1427.8 bp | +15.6 bp | +185.4 bp | Compare | |
| United States 10Y | 1388.6 bp | -24.3 bp | +12.6 bp | Compare | |
| Canada 10Y | 1367.7 bp | -40.5 bp | -9.1 bp | Compare | |
| Italy 10Y | 1345.1 bp | -52.5 bp | -69.8 bp | Compare | |
| Australia 10Y | 1331.6 bp | -30.7 bp | -34.1 bp | Compare | |
| India 10Y | 967.8 bp | +15.6 bp | +91.2 bp | Compare | |
| Russia 10Y | 851.5 bp | +115.3 bp | +168.6 bp | Compare | |
| Brazil 10Y | 435.3 bp | -8.6 bp | -18.4 bp | Compare |
Egypt Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 10 years | 17.135% | 20.57 | 25.20 | 34.47 | 43.74 | 53.02 | 62.29 | ||
| 7 years | 16.768% | 33.79 | 37.73 | 45.63 | 53.53 | 61.43 | 69.33 | ||
| 5 years | 16.270% | 47.06 | 50.31 | 56.82 | 63.33 | 69.84 | 76.35 | ||
| 3 years | 15.625% | 64.69 | 66.95 | 71.47 | 75.99 | 80.51 | 85.03 | ||
| 2 years | 14.790% | 75.89 | 77.52 | 80.78 | 84.04 | 87.30 | 90.56 | ||
| 1 year | 15.344% | 86.70 | 87.56 | 89.30 | 91.03 | 92.77 | 94.50 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||